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Kimbell Royalty Partners Q1 Net Income, Revenue Decline; Shares Fall

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Kimbell Royalty Partners (KRP) reported Q1 net income Thursday of $0.04 per unit, down from $0.20 a year earlier.

Three analysts polled by FactSet expected $0.18.

Total revenue for the quarter ended March 31 was $65.5 million, down from $84.2 million a year earlier.

Analysts surveyed by FactSet expected $90.3 million.

Shares of Kimbell Royalty were down more than 2% in Thursday trading.

Price: $14.25, Change: $-0.34, Percent Change: -2.33%

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